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One Nation One Ration Card: Manna for migrant workers -- by next March

Nirmala Sitharaman's second tranche of the stimulus package addreses farmers, migrant workers, street hawkers

15 May 2020 9:50 AM

FM Nirmala Sitharaman says second tranche for migrant labourers, farmers and poor

Government to give free foodgrain supplies to migrant workers for next two months

14 May 2020 5:11 PM

Govt releases truncated April WPI inflation data; 10% deflation in fuel, power basket

Wholesale price index (WPI) deflation in primary articles was 0.79 per cent in April, as against an inflation of 3.72 per cent in March

14 May 2020 2:00 PM

FM Nirmala to reveal second tranche of Aatmanirbhar stimulus package at 4 pm today

Finance Minister is likely to announce measures to help the agriculture sector and allied activities

14 May 2020 11:55 AM

In first tranche of stimulus, MSMEs to get collateral-free loans to restart business

Employees' Provident Fund contributions will be paid by government for next three months

14 May 2020 9:44 AM

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Rs 3 lakh crore collateral-free automatic loan for businesses, MSMEs: Sitharaman

To provide stressed MSMEs with equity support, the government will facilitate the provision of Rs. 20,000 crore as subordinate debt

13 May 2020 5:33 PM

BRICS' new development bank provides $1 billion loan to India to fight pandemic

The 'Emergency Assistance Program Loan' to India was approved by the NDB Board of Directors on 30 April

13 May 2020 1:30 PM

US unemployment surges to a Depression-era level

US Labor Department says that 20.5 million jobs vanished in April in the worst monthly loss on record triggered by shutdowns of businesses

09 May 2020 11:08 AM

Coronavirus lockdown causes historic spike in layoffs in India

The steep downturn in activity underlined the widespread havoc wrought by the pandemic worldwide

06 May 2020 1:32 PM

RBI may extend bank loan moratorium by another 3 months amid lockdown

RBI allowed banks and financial institutions to offer a moratorium of three months on payment of instalments of all term loans

05 May 2020 2:18 PM

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Indian bank bad debt could double in coronavirus crisis

A fresh surge in bad debt could hit credit growth and delay India’s recovery from the coronavirus pandemic

04 May 2020 10:35 AM

RBI reviews measures to ease financial stress

The governor appreciated the efforts of banks in ensuring normal to near normal operations during the lockdown period

03 May 2020 9:16 AM

US Fed leaves interest rates near zero, to use full range of tools to help economy

In its statement, the Fed said it is "committed to using its full range of tools to support the US economy in this challenging time”

30 Apr 2020 10:41 AM

HSBC’s pre-tax profit falls 48% as virus batters global economy

Lender reported pre-tax profits of $3.2 billion, down 48 percent citing credit losses from clients hit by the economic slowdown

28 Apr 2020 10:34 AM

RBI unveils Rs 50,000 cr credit line for mutual funds

RBI also stressed it remains vigilant and will take whatever steps are necessary to mitigate the economic impact of Covid-19

27 Apr 2020 11:24 AM

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India's holding of US government securities hits record high of $177.5 billion in Feb

US Treasury Department showed that the amount of securities owned by India has also gone up by the maximum quantum in a span of one month

26 Apr 2020 12:34 PM

SAARC nations unveil emergency stimulus packages

India responded by unveiling a Rs 1.7 lakh crore (USD 22.6 billion) economic stimulus plan

26 Apr 2020 12:12 PM

India plans to fast track Chinese investments after policy change

India said this week that all foreign direct investment from countries sharing a land border would require prior government clearance

26 Apr 2020 9:46 AM

India's remittances likely to decline by 23% due to coronavirus: World Bank

Globally remittances are projected to decline sharply by about 20 per cent this year due to the economic crisis

23 Apr 2020 1:04 PM

Finance Ministry notifies changes in FDI policy under FEMA law

Prior approval of government mandatory for foreign investments, to prevent the opportunistic takeover of domestic firms

23 Apr 2020 12:42 PM

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